Aggregated News From Investment Management Regulators

FRA’s Board of Directors approves new amendments to listing and delisting rules


Please complete the required fields.

FRA’s Board approves new amendments to listing and delisting rules, where the    statute of the listed companies shall include the cumulative voting system and the proportional representation mechanism. Also, the new amendments state that shareholders shall send their inquiries by e-mail before holding the General Assembly meetings.

The Board also approved the inclusion of cumulative voting and proportional representation mechanisms in the statutes of the companies which are licensed by the Authority to practice one of the activities in the field of non-banking financial services.

These new amendments are part of a series of amendments aimed at applying best practices of good governance and protecting the rights of minorities in the listed companies engaged in non-banking financial activities. The Authority will issue explanatory books in order to apply the mentioned mechanisms respectively.

Source link

Regulator Information

Abbreviation: FRA
Jurisdiction: Egypt

Recent Articles

SEC Charges Man for Defrauding Investors out of Millions of Dollars by Posing as Hedge Fund Billionaire

Defendant presented himself as a special forces veteran and Harvard grad to gain investor trust Washington D.C., Sept.

SEC Monitoring Impact of Hurricanes Ian and Fiona on Capital Markets

Washington D.C., Sept. 29, 2022 — SEC Chair Gary Gensler has directed the staff to carefully monitor developments as a result of Hurricanes Ian and Fiona.


We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

Get the latest from Regulatory.News in your inbox!